InvestorQ : How did the Nifty and Sensex perform overall in the financial year ended March 2022?
Arusha Ray made post

How did the Nifty and Sensex perform overall in the financial year ended March 2022?

Answer
image
diksha shah answered.
1 month ago
Follow

FY22 was a tough and challenging year but despite headwinds, there was overall wealth accretion in FY22 to the tune of Rs.59.75 trillion. While Sensex gained 18.29% in FY22, the Nifty was up 19%. The good news is that these robust returns came despite headwinds like FPI selling, geopolitical tensions, input costs, rising inflation and a hawkish Fed stance. That is probably a story of solid resilience by the Indian markets.

Having said that, it must acknowledged that the market cap of the stock markets is much lower than the peaks attained in late October 2021 of Rs.281 trillion. It is currently down to Rs.263 trillion. Sensex had scaled an all-time high level of 62,245 on 19th October 2021 and it is currently down by about 7% from the peaks. In a nutshell, the real conviction story was the awesome returns on the index despite the vagaries of the macro situation.

9 Views